US President Donald Trump said that, while talks are progressing with Beijing, no deal has been reached for now, as the two countries attempt to resolve an ongoing trade dispute.
The president told reporters on Friday that he would like to see more movement in the trade talks, but that Washington was not ready to finalize an agreement.
“China wants to do something on trade, but I’m not ready to do anything yet,” President Trump said.
He added that for now, “the US is not going to do business with Huawei,” the Chinese telecommunications firm, but said that could change in the event a deal is reached.
Washington and Beijing have been embroiled in a trade war in recent months, with American tariffs currently imposed on $250 billion worth of Chinese goods, while the president has threatened additional penalties on another $325 billion in trade.
Beijing has responded with its own tariffs on American goods to the tune of $110 billion and has also vowed to step up the measures.